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USD/JPY Discussion

  • #72,981
  • Jan 31, 2018 11:38am Jan 31, 2018 11:38am
Quoting nealpek
If you made money, it's a good day! I'm holding out for a while. No offense to anyone, I'm looking for a nice drop!! {image}

works for me!!!
  • #72,982
  • Jan 31, 2018 11:56am Jan 31, 2018 11:56am
In my opinion, trading the "news" is suicide. there is a 45 pip range in 1 bar, and I can't imagine the "slaughter" that just took place within its range. A long time ago, a very nice old man on the beach, of all places, told me "make your moves before or after the news with plenty of room to spare. If trading right at the news makes you too uncomfortable, don't trade. There will be plenty of time to join in later!"

Words to live by!!
  • #72,983
  • Jan 31, 2018 12:04pm Jan 31, 2018 12:04pm
Quoting nealpek
In my opinion, trading the "news" is suicide. there is a 45 pip range in 1 bar, and I can't imagine the "slaughter" that just took place within its range. A long time ago, a very nice old man on the beach, of all places, told me "make your moves before or after the news with plenty of room to spare. If trading right at the news makes you too uncomfortable, don't trade. There will be plenty of time to join in later!" Words to live by!!
Well, it all depends on how much backup money you have. There are traders that solely trade the news and make money with it. Cause if the price can go against you big, it can also go with you big.

In Forex, when there is a high risk, then there is also a high chance. You just gotta be on the right side.
Stochastic and Heikin Ashi
  • #72,984
  • Edited 12:45pm Jan 31, 2018 12:15pm | Edited 12:45pm
Quoting nealpek
If you made money, it's a good day! I'm holding out for a while. No offense to anyone, I'm looking for a nice drop!! {image}
Nice chart dude \m/
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https://investizo.com/investment/view?server=1&login=2141779119
  • #72,985
  • Jan 31, 2018 12:22pm Jan 31, 2018 12:22pm
Quoting BudSpencer
{quote} Well, it all depends on how much backup money you have. There are traders that solely trade the news and make money with it. Cause if the price can go against you big, it can also go with you big. In Forex, when there is a high risk, then there is also a high chance. You just gotta be on the right side.
Very True! Loading up on buy and sell stops to catch the move takes big "testaculars"if you know what I mean,lol. I've seen 60, 70 and more pip moves in microseconds. My reaction time can't keep up with the bots. On my end, it has nothing to do with backup money, but a solid understanding of edges, and where to locate them.

Because in Forex, when there is a low risk, high probability trade, You just gotta be on the right side.
  • #72,986
  • Jan 31, 2018 12:48pm Jan 31, 2018 12:48pm
Quoting dondealova
{quote} Nice chart dude \m/ {image}
  • #72,987
  • Jan 31, 2018 1:04pm Jan 31, 2018 1:04pm
Quoting nealpek
{quote} Very True! Loading up on buy and sell stops to catch the move takes big "testaculars"if you know what I mean,lol. I've seen 60, 70 and more pip moves in microseconds. My reaction time can't keep up with the bots. On my end, it has nothing to do with backup money, but a solid understanding of edges, and where to locate them. Because in Forex, when there is a low risk, high probability trade, You just gotta be on the right side.
Of course, back up money is the key. If you trade the news with 1 lot and 100€, good luck.
Stochastic and Heikin Ashi
  • #72,988
  • Jan 31, 2018 1:33pm Jan 31, 2018 1:33pm
Whatever suits your style!!
  • #72,989
  • Jan 31, 2018 2:26pm Jan 31, 2018 2:26pm
Looks like the markets not gonna decide anything till after nfp.sleep time till london.
  • #72,990
  • Jan 31, 2018 3:41pm Jan 31, 2018 3:41pm
lower high - lower low at H1,
I expect 109.50 as upper range for the rest of the week.
Hopefully NFP could send it down to break the January low.
  • #72,991
  • Jan 31, 2018 4:30pm Jan 31, 2018 4:30pm
Bored..gonna scalp a short from here..109.20 tp 108.90..sl 109.32..
  • #72,992
  • Jan 31, 2018 5:10pm Jan 31, 2018 5:10pm
Quoting petehnm
Bored..gonna scalp a short from here..109.20 tp 108.90..sl 109.32..
well that was quick..wish I could predict my tp as well as I do sl..lol
  • #72,993
  • Jan 31, 2018 10:06pm Jan 31, 2018 10:06pm
Quoting petehnm
{quote} well that was quick..wish I could predict my tp as well as I do sl..lol
sometimes you just have to do the exact opposite of what your brain is telling you. if you really think its a long, go short vice versa. or just simply just try to loose. you would be amazed how often you end up on the green side of thngs. try it on a demo first.
  • #72,994
  • Jan 31, 2018 10:11pm Jan 31, 2018 10:11pm
Quoting BudSpencer
{quote} Of course, back up money is the key. If you trade the news with 1 lot and 100€, good luck.
What you trade with is about to change big time in February.

All traders should protest these new rules and laws:

Anyone see these new rules and laws? WTF?
5:1 leverage on equities=20% margin
20:1 leverage margin on all major indices=5% margin
30:1 leverage on major currency pairs=3.33%

for example Market Germany 30 for 10 CFDs require margin of 591 GBP and will later require 5,910 GBP

These new rules and laws are pathetic.

https://www.dailyfx.com/forex/fundam...e-Changes.html
  • #72,995
  • Jan 31, 2018 11:08pm Jan 31, 2018 11:08pm
Quoting 4xjunkie
{quote} sometimes you just have to do the exact opposite of what your brain is telling you. if you really think its a long, go short vice versa. or just simply just try to loose. you would be amazed how often you end up on the green side of thngs. try it on a demo first.
What's up 4xjunkie..you hit it right on the head..you have no idea how many times lately .I have had the thought of doing exactly what you just said.have a great trading brother..
  • #72,996
  • Jan 31, 2018 11:52pm Jan 31, 2018 11:52pm
my S/R for today....
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Look Sharp/Trade Tight
  • #72,997
  • Jan 31, 2018 11:54pm Jan 31, 2018 11:54pm
Quoting stylinex
{quote} What you trade with is about to change big time in February. All traders should protest these new rules and laws: Anyone see these new rules and laws? WTF? 5:1 leverage on equities=20% margin 20:1 leverage margin on all major indices=5% margin 30:1 leverage on major currency pairs=3.33% for example Market Germany 30 for 10 CFDs require margin of 591 GBP and will later require 5,910 GBP These new rules and laws are pathetic. https://www.dailyfx.com/forex/fundam...e-Changes.html...
Best of luck with that. It's why I went offshore for a forex broker, instead of signing up with a Canadian one. The leverage rates here are quite possibly the worst in the world. For a standard 1 lot position on the GBP/JPY, the margin deposit is $354.51 USD with my current broker at 400:1 leverage. With a Canadian one, that same position's deposit is over $10,000 USD. All of these regulators keep saying "it's to protect the clients", but it really isn't. It's just so the brokers don't need as much cash in the bank.
  • #72,998
  • Feb 1, 2018 2:55am Feb 1, 2018 2:55am
Quoting nealpek
Please support me somebody....I need a bearish movement at least to 101.5. Trying to find a reason for it, but can't. Nevertheless I just need this movement Oh, I need a Porsche too. Thank you for your support!! All those that want to support my cause, please hit the "like" button. HUG HUG KISS KISS xoxoxoxoxox
haha i just wanted to find any 'technical analysis' reason for bullish trend at that moment. And thanks BTW, I hit my tp
  • #72,999
  • Feb 1, 2018 2:59am Feb 1, 2018 2:59am
Quoting MrPresident
{quote} the trend is down, but maybe it will go higher this week
Yep, you were abs right
  • #73,000
  • Feb 1, 2018 3:28am Feb 1, 2018 3:28am
My take on possible reversal.
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